Hotel & Motel Management - September 3, 2007 - (Page 14)

14 Transactions H&MM September 3, 2007 | HotelMotel.com www.HotelMotel.com/digital_edition ACQUISITIONS Wichita, Kan. ROCKBRIDGE PARTNERS RockBridge Partners, an afﬁliate of RockBridge Capital, acquired the 103-guestroom Hilton Garden Inn in Wichita, Kan., for an undisclosed amount. Wichita-based TMH Hotels will manage the property; the company previously owned and operated the hotel. The hotel is located on Lake Wilson, 15 miles northeast of Wichita Mid-Continent Airport. CapStar Hotel Co. LLC acquired the recently renovated 167-room Courtyard by Marriott Secaucus, N.J., from afﬁliates of The Blackstone Group for an undisclosed amount. It will be managed by an afﬁliate of Marriott International. Capital Hospitality Group purchased Dolce Valley Forge, a 346-room property in King of Prussia, Pa., for an undisclosed amount. It will be managed by Dolce International. Hotel Source arranged the sale of the 75-room Comfort Inn-Wisconsin Dells, Wis., to a private investment group for $3.2 million. M.C. Suites sold the Microtel Inn & Suites of Bushnell, Fla., to an individual investor for $4.4 million. SKY Hospitality will continue to manage the property. The Mumford Co. represented the seller. 23 W 1550 Lumens 26 W 1750 Lumens SALE $2.99 SALE $3.50 • New sleek design • Just approved by Holiday Inn • Save up to 30% energy over T-12s FINANCING The Capital Markets Group of Molinaro Koger secured debt and equity for the Glenmont Capital Management/American Hotel Development Partners joint venture to construct three Candlewood Suites. The ﬁrst property of American Hotel Development Partners and afﬁliates of New Yorkbased real-estate investment company Glenmont Capital Management, is a 112room Candlewood Suites in Columbia, S.C. Neptune Hospitality Advisors arranged senior ﬁnancing for the 322-room Sheraton Gunter Hotel in San Antonio. The $40-million loan was arranged through an international bank. Compiled by Stephanie Ricca, sricca@questex.com KRYSTAL SCONCE 26 W Electronic Ballast Reg. $39. SALE $24. POLYSTONE 4 FT. T-5. 2 LAMPS* Reg. $89. SALE $59. KRYSTAL 4 FT. T-5. 2 LAMPS* Reg. $89. SALE $59. *$9 VALUE 2 T-5 LAMPS INCLUDED CEILING FIXTURE 30 W Electronic Ballast Reg. $39. SALE $24. LED EXIT SIGN WITH POWER BACKUP Reg. $33. SALE $18. 27 W Brightest Full Spectrum Lamp Alarm Clock/Calendar/Night Light iPod Connection/Built-in Speakers Telephone/DSL/Electric Outlets Built-in Ionizer HDESKLAMP New hospitality INTRODUCING OZONE LAUNDRY SYSTEM! See the presentation at http://www.axaservices.com/savemoney/ols/ Save Electricity • Gas • Water • Chemicals • Up to $25K Savings/Year Transactions Want your deal to be listed in transactions? Please include the following items: the property or properties involved; the buyer(s); the seller(s); and the purchase price if applicable. Send releases to Stephanie Ricca, managing editor at sricca@questex.com. SEND US YOUR 1.800.728.6869 PURSUIT OF ENERGY CONSERVATION CIRCLE NO. 113 www.inigroup.com http://HotelMotel.com http://www.HotelMotel.com/digital_edition http://www.axaservices.com/savemoney/ols http://www.inigroup.com http://www.inigroup.com

Table of Contents Feed for the Digital Edition of Hotel & Motel Management - September 3, 2007

Cover Contents Convention Centers Add Bells and Whistles Questex Media acquires Five Star Alliance Perspective At Your Risk Energy Star Update Sales Clinic Transactions Awards Trends & Stats Wireless Networking Northwest Pipeline Coffee Services Ad/Editorial Index Marketplace Classifieds Checking Out

Hotel & Motel Management - September 3, 2007

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